New answers tagged corporate-tax-laws
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I called HMRC Corporation Tax and Companies House. They both said that when a company is dissolved, the owner no longer needs to do anything. In fact, the owner no longer can do anything because the company is dissolved. I could find no reference to this situation online, and the representatives could not provide one either. But the HMRC representative ...
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If your company wants to give money to charity, that is completely legal and not tax evasion.
Let's simplify this. The company offers you a salary increase, which you decline. The company then donates the same amount of money to charity. In accounting terms, these are completely separate transactions. You are directly involved in the former, but are not ...
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The company pays you a salary A. They need to withhold some amount B of that to give to the IRS.
Now, if they pay you only C and withhold amount D that is based on that amount, and then make a separate tax-deductible donation E, that means the IRS does get not only an amount D that is smaller than B, but also the company can deduct E (in part) from their own ...
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